First Trust Senior Loan ETF (NASDAQ:FTSL) Sets New 12-Month Low – Time to Sell?

First Trust Senior Loan ETF (NASDAQ:FTSL) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $43.51 and last traded at $43.51, with a volume of 118 shares traded. The stock had previously closed at $44.84.

First Trust Senior Loan ETF Stock Up 0.0%

The company has a 50-day moving average price of $44.87 and a two-hundred day moving average price of $45.04.

First Trust Senior Loan ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were given a $0.225 dividend. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a c) annualized dividend and a yield of 6.0%.

Institutional Investors Weigh In On First Trust Senior Loan ETF

A number of large investors have recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new stake in First Trust Senior Loan ETF during the 3rd quarter valued at approximately $26,000. Smartleaf Asset Management LLC purchased a new position in shares of First Trust Senior Loan ETF during the 4th quarter valued at approximately $30,000. Raleigh Capital Management Inc. acquired a new stake in shares of First Trust Senior Loan ETF during the first quarter worth approximately $30,000. Sound Income Strategies LLC increased its stake in shares of First Trust Senior Loan ETF by 140.3% in the first quarter. Sound Income Strategies LLC now owns 1,026 shares of the company’s stock worth $46,000 after buying an additional 599 shares during the last quarter. Finally, TD Private Client Wealth LLC bought a new stake in shares of First Trust Senior Loan ETF in the fourth quarter worth $48,000.

About First Trust Senior Loan ETF

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities. FTSL was launched on May 1, 2013 and is managed by First Trust.